BURBANK, CA -- February 18, 2010 -- Healthcare of Today, Inc. has announced the $15M acquisition of energy management company Shovon, LLC. (www.shovon.com).
Shovon’s leading edge hardware technology provides users with Web-based, internet remote control capabilities for monitoring and controlling high power electrical devices in commercial offices, industrial plants, hospitals, schools and residences from anywhere in the world.
Whether one is an individual consumer or operating a large facility, using Shovon hardware allows optimized, controlled energy consumption, resulting in reduced costs. Shovon products offer the ultimate convenience of being able to access facilities and view relevant events or statuses (down to the appliance level) online. This remote monitoring is enabled from anywhere in the world by using a PC or cell phone.
Shovon COO Gary DeMel says, “Our hardware allows consumers to completely monitor and control their building’s energy-using equipment, including lighting. And when you control energy use, you control the cost of your energy bills. This is the future of energy management and automation.”
DeMel is a 29 year veteran of the high-tech industry, having spent many years with ATI Technologies/AMD and Intel®, where he was formerly Senior VP Worldwide Sales.
The Shovon acquisition joins Healthcare of Today’s growing energy portfolio. In January the holding company announced the acquisition of Sunarias™ Corporation (www.sunarias.com). Sunarias™ provides commercial buildings with its proprietary solar thermal energy production as well as customized output collection and controlling mechanisms. Sunarias™ offers Solar Thermal Heating/Cooling and Power Purchase Agreements (PPAs) to healthcare facilities nationwide.
Daniel McKeown, Healthcare Of Today's Executive VP of International Business Development states, "The addition of this dynamic company [Shovon] and our expansion into the energy markets is part of our long term strategy to produce new green technology buildings , as well as convert existing structures to implement that technology. Since we are in the process of acquiring numerous hospitals, clinics, and medical centers all across the United States, as well as Advanced Adult Stem Cell Research and Development facilities in the international markets, putting Shovon's expertise into play will give us a significant edge in our drive to be the world’s leading Healthcare Integration Network company."